Common use of Nonexclusive Nature of Remedies Clause in Contracts

Nonexclusive Nature of Remedies. Failure by the Collateral Agent or any other holder of the Obligations to exercise any right, remedy or option under this Agreement, any other Loan Document, any other document relating to the Obligations, or as provided by law, or any delay by the Collateral Agent or any other holder of the Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder of the Obligations shall only be granted as provided herein. To the extent permitted by law, neither the Collateral Agent, any other holder of the Obligations nor any party acting as attorney for any such Person, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent and the other Secured Parties shall be cumulative and not exclusive of any other right or remedy which any such Person may have.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Trinet Group Inc), Second Lien Credit Agreement (Trinet Group Inc)

AutoNDA by SimpleDocs

Nonexclusive Nature of Remedies. Failure by the Collateral Agent or any other holder the holders of the Obligations to exercise any right, remedy or option under this Agreement, any other Loan Credit Document, any other document relating to the Obligations, or as provided by law, or any delay by the Collateral Agent or any other holder the holders of the Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder the holders of the Obligations shall only be granted as provided herein. To the extent permitted by law, neither the Collateral Agent, any other holder the holders of the Obligations Obligations, nor any party acting as attorney for any such Personthe Collateral Agent or the holders of the Obligations, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent and the other Secured Parties holders of the Obligations under this Agreement shall be cumulative and not exclusive of any other right or remedy which any such Person the Collateral Agent or the holders of the Obligations may have.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Computer Programs & Systems Inc), Pledge and Security Agreement (Computer Programs & Systems Inc)

Nonexclusive Nature of Remedies. Failure by the Collateral Agent or any other holder of the Obligations Lender to exercise any right, remedy or option under this Security Agreement, any other Loan Credit Document, any other document relating to the Obligations, Secured Obligations or as provided by law, or any delay by the Collateral Agent or any other holder of the Obligations Lender in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder of the Obligations shall only be granted as provided herein. To the extent permitted by law, neither the Collateral Agent, any other holder of the Obligations Lender nor any party acting as attorney for the Collateral Agent or any such PersonLender, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent and the other Secured Parties shall be cumulative and not exclusive of any other right or remedy which any such Person may have.misconduct

Appears in 1 contract

Samples: Security Agreement (PRG Schultz International Inc)

Nonexclusive Nature of Remedies. Failure by the Collateral Agent or any other holder the holders of the Obligations to exercise any right, remedy or option under this Agreement, any other Loan Credit Document, any other document relating to the Obligations, or as provided by lawLaw, or any delay by the Collateral Agent or any other holder the holders of the Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder the holders of the Obligations shall only be granted as provided herein. To the extent permitted by lawLaw, neither the Collateral Agent, any other holder the holders of the Obligations Obligations, nor any party acting as attorney for any such Personthe Collateral Agent or the holders of the Obligations, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent and the other Secured Parties holders of the Obligations under this Agreement shall be cumulative and not exclusive of any other right or remedy which any such Person the Collateral Agent or the holders of the Obligations may have.

Appears in 1 contract

Samples: Pledge and Security Agreement (FutureFuel Corp.)

AutoNDA by SimpleDocs

Nonexclusive Nature of Remedies. Failure by the Collateral Administrative Agent or any other holder of the Obligations Lenders to exercise any right, remedy or option under this Security Agreement, any other Loan Credit Document, any other document relating to the ObligationsHedging Agreement between any Obligor and any Lender, or any Affiliate of a Lender, or as provided by law, or any delay by the Collateral Administrative Agent or any other holder of the Obligations Lenders in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Administrative Agent or any other holder of the Obligations Lenders shall only be granted as provided herein. To the extent permitted by law, neither the Collateral Administrative Agent, any other holder of the Obligations Lenders, nor any party acting as attorney for any such Personthe Administrative Agent or the Lenders, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent Administrative Agents and the other Secured Parties Lenders under this Security Agreement shall be cumulative and not exclusive of any other right or remedy which any such Person the Administrative Agent or the Lenders may have.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Nonexclusive Nature of Remedies. Failure by the Collateral Agent or any other holder of the Obligations Lenders to exercise any right, remedy or option under this Security Agreement, any other Loan Credit Document, any other document relating to the ObligationsHedging Agreement between any Obligor and any Lender, or any Affiliate of a Lender, or as provided by law, or any delay by the Collateral Agent or any other holder of the Obligations Lenders in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder of the Obligations Lenders shall only be granted as provided herein. To the extent permitted by law, neither the Collateral Agent, any other holder of the Obligations Lenders, nor any party acting as attorney for any such Personthe Agent or the Lenders, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent Agents and the other Secured Parties Lenders under this Security Agreement shall be cumulative and not exclusive of any other right or remedy which any such Person the Agent or the Lenders may have.

Appears in 1 contract

Samples: Credit Agreement (Vestar Sheridan Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!